Hello everyone, and welcome back to my blog! I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and I’m here today to give you an exciting market update for Ridgeview Ranch in Plano, Texas.

Let’s start by taking a closer look at the supply of inventory in Ridgeview Ranch. Currently, we have 2.22 months supply of inventory, which means that if no new homes were listed, it would take just over 2 months to sell all the existing homes on the market. Now, what’s interesting is that over the last 12 months, we’ve seen a significant increase of 63.24% in the Months Supply of Inventory. This indicates a growing demand for homes in this area.

Now, let’s talk about the List to Sold Price percentage. This is a crucial metric that both buyers and sellers should pay attention to. In Ridgeview Ranch, the List to Sold Price percentage is an impressive 100.1%. This means that, on average, homes are selling for slightly above their listing price. It’s a great sign for sellers and a testament to the strong demand in this market.

Moving on to the median days on market, which is another important factor to consider. In Ridgeview Ranch, homes are selling fast. The median days on market is just 17 days! This signifies a highly competitive market, where buyers need to act swiftly to secure their dream home.

And finally, let’s talk about the median sold price. In Ridgeview Ranch, the median sold price is $675,000. This illustrates the value and desirability of homes in this neighborhood. If you’re a seller, this means you have an excellent opportunity to maximize your return on investment. And if you’re a buyer, it’s important to have a clear understanding of the market trends and pricing dynamics.

Overall, Ridgeview Ranch in Plano, Texas, continues to be an exciting and vibrant real estate market. With a growing demand for homes, a high list to sold price percentage, and homes selling quickly, it’s an opportune time for both buyers and sellers.

Thank you for joining me today! If you have any questions or if you’re interested in buying or selling a home in Ridgeview Ranch, please feel free to reach out to me. Remember, I’m here to help you navigate the exciting world of real estate.